Fed Spared Default Loss In Custodia Master Account Suit

By Katryna Perera (December 12, 2022, 9:50 PM EST) -- A Wyoming federal judge has denied cryptocurrency-focused Custodia Bank's bid for default judgment in its legal fight for a Federal Reserve master account, saying Monday the central bank's governing board doesn't have to file an answer or engage in standard discovery, contrary to Custodia's claims....

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